Washington, D.C. — Today, the Bank Policy Institute is pleased to announce Paul Calem has been hired to the role of Senior Vice President in Research. Dr. Calem joins BPI from the Federal Reserve Bank of Philadelphia where he was a Vice President in the Supervision, Regulation and Credit Department. Dr. Calem will enhance BPI Research’s work on assessing the impacts of banking regulation and encouraging policies that maximize economic growth while preserving bank safety and soundness and consumer wellbeing. Dr.Calem will concentrate on household finance, and he will start on September 23, 2019.
“We are thrilled that Paul has agreed to join our team,” said BPI’s Chief Economist Bill Nelson. “Paul is one of the nation’s leading economists focusing on household finance. His research will provide important contributions that help inform the kind of sound policymaking that enables banks to continue to serve their customers and promote economic growth.”
While at the Philadelphia Fed, he managed a unit that provided policy analysis and research on retail credit risk issues, along with the provision of quantitative support for bank examinations. Moreover, the unit developed the original, CCAR/DFAST stress test models for core retail portfolios. He has also served as a senior economist at the Federal Reserve Board, a Director at Freddie Mac, and Vice President for Product Research at the mortgage data and analytics company Loan Performance. Dr. Calem has published extensively in peer-reviewed economic journals on household finance. He holds a Ph.D. and a master’s degree in economics from Brown University and bachelor’s in mathematics from Duke University.
About the Bank Policy Institute. The Bank Policy Institute (BPI) is a nonpartisan public policy, research and advocacy group, representing the nation’s leading banks and their customers. Our members include universal banks, regional banks and the major foreign banks doing business in the United States. Collectively, they employ almost 2 million Americans, make nearly half of the nation’s small business loans, and are an engine for financial innovation and economic growth.
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